Coats Group PLC 2024 AR2
The report highlights Coats Group plc's strong financial and operational performance in 2024, with organic revenue growth of 9% and an adjusted EBIT margin of 18%. The company achieved a major milestone by fully insuring its UK pension obligations through a bulk annuity buy-in transaction. In sustainability, Coats received SBTi approval for its 2050 Net-Zero target and achieved a 51% reduction in Scope 1 and 2 emissions from its 2022 baseline. Additionally, sales of recycled materials grew by 144% to $405 million, and the company achieved zero waste to landfill across its operations ahead of schedule.
Company: Coats Group PLC
Sector: Consumer Discretionary
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 210
Coats Group PLC
Annual Report And Accounts
The report highlights Coats Group plc's strong financial and operational performance in 2024, with organic revenue growth of 9% and an adjusted EBIT margin of 18%. The company achieved a major milestone by fully insuring its UK pension obligations through a bulk annuity buy-in transaction. In sustainability, Coats received SBTi approval for its 2050 Net-Zero target and achieved a 51% reduction in Scope 1 and 2 emissions from its 2022 baseline. Additionally, sales of recycled materials grew by 144% to $405 million, and the company achieved zero waste to landfill across its operations ahead of schedule.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees